Production and Operation Management - Lec 19- Safety Stock and Fixed Time Inventory Model

Master Production & Operations Management: From Forecasting to Lean Techniques with IIT Roorkee - Elevate Your Expertise in Manufacturing Systems, Quality Control, and Project Management!

5.0 (0)

11 learners

What you'll learn

Understand the principles and applications of production and operations management.
Analyze different types of manufacturing and service systems and their characteristics.
Apply forecasting techniques and inventory models to optimize production planning.
Evaluate quality management practices and statistical tools for process improvement.

This course includes

35 hours of video
Certificate of completion
Access on mobile and TV

Summary

Keywords

Safety Stock and Fixed Time Inventory Model Prof. Rajat Agrawal Department of Management Studies Indian Institute of Technology Roorkee

Full Transcript

This lecture explains the concept of safety stock and reorders point. This lecture also explains the fixed time interval model of inventory management.

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